Mayweather Promotions, Showtime putting on Mayweather-McGregor fight

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Former pound-for-pound king and five-division world champion Floyd Mayweather Jr. made the official announcement on social media Wednesday, confirming that he will exit a 23-month retirement at age 40 to face Conor McGregor, the UFC superstar, in a boxing match on August 26 in Las Vegas.

"THE FIGHT IS ON", McGregor tweeted announced first, posting a picture of himself next to one of Mayweather's father, Floyd Sr.

White told ESPN that the 12-round fight would take place at the T-Mobile Arena and that McGregor would weigh in at 154 pounds.

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The development between the companies should not be too surprising, considering the fight is happening in a boxing setting and on a boxing fight card. A fight of this magnitude will only increase a payday for McGregor, which has always been a priority in his career.

He added: "I'm not saying Conor McGregor's going to win".

Mayweather-who holds a 49-0 record as a boxer-is an overwhelming favorite over the MMA Champ. Showtime said the matchup will be a boxing event, contested in a ring, under boxing rules.

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It is reported that each fighter could earn $100m (£78.4m) from the bout, which would be one of the richest in boxing history. Mayweather is undefeated in boxing at 49-0, having won multiple titles from super featherweight to light middleweight, while McGregor has never boxed professionally. Mayweather has been retired for two years but couldn't turn down the attention and the money this fight is going to bring.

Mayweather will come off a two-year retirement in a bout that McGregor has been pushing for almost that long. "But this will be a very, very big betting fight for sure, one of the biggest ever".

The fighters are set to do battle August 26 at the MGM Grand Garden Arena in Las Vegas. The superfight with McGregor is expected to draw record revenues, likely to compete with the over $600 million that Mayweather's superfight with Manny Pacquiao was able to pull in. Floyd Mayweather is 41 now and has been out of the ring for two years.

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